CandleFocus Analyst Predicts a Huge Bitcoin Pump to $83,000
2024-09-10
Author: Content Editor
Analyst Mikybull predicts that Bitcoin will rally to a new all-time high above $80,000, indicating a potential rebound for the cryptocurrency market. This is supported by a head-and-shoulder reverse pattern on the BTC/USDT pair chart, which suggests a path to $83,000. If Bitcoin reaches this level, it would surpass trader Peter Brandt's price target and confirm a bullish trend. Bitcoin's recent price movements align with the predictions of analyst Michael Van De Poppe, who forecasted a drop to $54,300 and a rebound to $57,300. However, a rejection from the $57,300 resistance level could lead to lower prices. At the time of writing, Bitcoin is trading above $57,000 with increased trading volume mainly on centralized exchanges.
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